Twin Peaks: A Theoretical Analysis

42 Pages Posted: 2 Jul 2015 Last revised: 12 Feb 2018

See all articles by Andrew Schmulow

Andrew Schmulow

University of Wollongong, School of Law; Clarity Prudential Regulatory Consulting Pty Ltd; Oliver Schreiner School of Law; Centre for International Trade

Date Written: July 1, 2015

Abstract

This paper provides a theoretical analysis of the twin peaks method of financial system regulation, with particular reference to the Australian iteration of the model. This includes a description of how twin peaks functions, its historical development, and its strengths and weaknesses. An analysis is also provided of an important bifurcation in the Australian model, as it as has been emulated elsewhere in the world, namely the jurisdictional location of the bank regulator.

Suggested Citation

Schmulow, Andrew, Twin Peaks: A Theoretical Analysis (July 1, 2015). CIFR Paper No. WP064/2015, Available at SSRN: https://ssrn.com/abstract=2625331 or http://dx.doi.org/10.2139/ssrn.2625331

Andrew Schmulow (Contact Author)

University of Wollongong, School of Law ( email )

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Wollongong, New South Wales 2522
Australia

Clarity Prudential Regulatory Consulting Pty Ltd ( email )

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Melbourne
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Australia

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Oliver Schreiner School of Law ( email )

PBag X3, WITS
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South Africa

Centre for International Trade ( email )

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Korea, Republic of (South Korea)

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